Fed man backs sta­tus quo

China Daily (Hong Kong) - - BUSINESS -

Fed­eral Re­serve Bank of St. Louis Pres­i­dent James Bullard said on Mon­day that it was ap­pro­pri­ate for the Fed to keep in­ter­est rates un­changed in the near term given pre­vail­ing low in­fla­tion. “The cur­rent level ... is ap­pro­pri­ate given the cur­rent macroe­co­nomic data,” Bullard said in a speech at a con­fer­ence

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